Baxter to Buy Hill-Rom for $10.5 Billion After Prior Refusal
Baxter International Inc. is set to purchase Hill-Rom Holdings Inc. for $10.5 billion in cash. This came just a month after reports surfaced the initial offer had been rejected.
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Baxter in Early Talks to Buy Medical-Equipment Maker Hill-Rom
According to sources close to the matter, Deerfield, Ill.-based medical technology company Baxter is in talks to purchase Chicago-based Hill-Rom, which manufactures hospital beds and patient monitoring equipment.
Read MoreHill-Rom Completes Welch Allyn Acquisition, Adding 2,500 Employees
Hill-Rom has completed its $2.05 billion acquisition of Welch Allyn, adding 2,500 employees to its existing 10,000 employees worldwide. With the agreement, Hill-Rom reportedly plans to play a greater role in improving patient care globally, achieving higher levels of efficiency, and reducing healthcare costs.
Read MoreHill-Rom, Edison Nation Medical Launch Invention Contest
Hill-Rom and Edison Nation Medical are looking for ideas that can help reduce the number of patient infections. Anyone can submit ideas for new or improved products. The companies will split royalties with the inventor.
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ABM Respiratory Care Names New CEO
ABM Respiratory Care appointed Gregory Miller as CEO effective June 1, 2024. Miller previously served as interim CEO.
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